premium

Plural

premiums

Adjective

Adjective

×

A word that describes or modifies a noun or pronoun.

1. 1.Superior in quality; higher in price or value.

2. 2.High-end; belonging to the market segment between mid-market and luxury.

Noun

Noun

×

A word that identifies a person, place, thing, or idea.

1. 1.A prize or award.

2. 2.Something offered at a reduced price as an inducement to buy something else.

3. 3.A bonus paid in addition to normal payments.

   • At first I wrote it off to the simpler protocols of grandparenthood, with its premium on uncomplicated gestures of generosity and love.

4. 4.The amount to be paid for an insurance policy.

   • Notice that these premia would exist even in a world of risk-neutral lenders if there were identifiable classes of nonrepaying borrowers.

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